2460 NE Northgate Way, Seattle WA, 98125
(Pending)
$2,190,000
|
5,800 sqft
|
MLS# 2206896
Last Updated: 5/16/2024 1:12 AM
Description for
2460 NE Northgate Way
Seattle, WA 98125
This boutique 10 unit apartment checks all the boxes with its ideal location, mid-mod vibes, ample parking & strong cash flow. Fully stabilized with updated units, market rents & excellent professional management! Offered at a true 6.4% Cap Rate! A good unit mix of 2 beds, 1 beds, studios plus easy access to Northgate & Lake City Way attract solid commuter tenants. All units were remodeled to the studs with sleek new kitchens, baths, SS appliances, tile backsplash & pops of chic Hawaiian themed touches. Recent CapX includes new windows, 30 year TPO roof & updated plumbing throughout. Coin Op laundry provides additional income. In a world of bland & drab apartment buildings-be an Aloha House... don't miss this unique turnkey investment!
Price
$2,190,000
Seattle
King
5,800 (approx)
2206896
Pending
Description
This boutique 10 unit apartment checks all the boxes with its ideal location, mid-mod vibes, ample parking & strong cash flow. Fully stabilized with updated units, market rents & excellent professional management! Offered at a true 6.4% Cap Rate! A good unit mix of 2 beds, 1 beds, studios plus easy access to Northgate & Lake City Way attract solid commuter tenants. All units were remodeled to the studs with sleek new kitchens, baths, SS appliances, tile backsplash & pops of chic Hawaiian themed touches. Recent CapX includes new windows, 30 year TPO roof & updated plumbing throughout. Coin Op laundry provides additional income. In a world of bland & drab apartment buildings-be an Aloha House... don't miss this unique turnkey investment!
Listing Information
| Property Type: Multi-Family, 2 Story | ||
| 0.18 Acres | 5,800 (approx) | 1962 |
| Yes-2 spaces | 2 | Stucco |
| Commercial, Multi-Family, Residential | ||
Seattle
Public
Sewer Connected
Neighborhood
School Information
| District: Seattle | ||
| Buyer To Verify | Buyer To Verify | Buyer To Verify |
Room Information
Interior Features
Hardwood, Concrete, Laminate
None
Electric Heating
Bamboo/Cork,Concrete,Laminate Hardwood
Exterior / Lot Features
2 Carport Spaces,
8 Parking Spaces,
Stucco
Flat
City
Paved,Sidewalk
Driving Directions
From S. Seattle, head N on I-5, and take exit 171 for WA-522 E. Keep N and merge left onto 24th Ave NE, then turn right to NE Northgate Way. Property will be on your left.
Financial Considerations
| 8902500007 |
| $17,536 |
Conventional
Listing Price History
Seattle Real Estate
Seattle is located in Washington. Seattle, Washington 98125 has a population of 758,862.
The median household income in Seattle, Washington 98125 is $82,634. The median household income for the surrounding county is $102,088 compared to the national median of $66,222. The median age of people living in Seattle 98125 is 41 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 5/2/2024 | Pending | $2,190,000 USD |
|
| 4/9/2024 | Active | $2,190,000 USD -2.67% |
|
| 3/7/2024 | Active | $2,250,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $17,536 USD | - | $2,002,000 USD | - |
| 2022 | $17,536 USD | -22.92% | $2,002,000 USD | -13.78% |
| 2021 | $22,751 USD | 58.93% | $2,322,000 USD | - |
| 2020 | $14,315 USD | 24.17% | $2,322,000 USD | 82.26% |
| 2019 | $11,529 USD | -10.38% | $1,274,000 USD | - |